Myanmar’s shadow government backs launch of crypto-based bank
The Spring Development Bank is Myanmar’s first financial institution to run entirely on crypto and blockchain.
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Ex-NFL team owner Reggie Fowler gets 6 years for crypto ‘shadow banking’
U.S. Attorney Damian Williams said Fowler’s lies exposed the U.S. financial system to “serious risk.”
US Attorney seeks 7-year sentence for exec in crypto shadow banking case
U.S. prosecutors are wanting Reginald Fowler to face at least seven years in jail if convicted on April 20.
Crypto firms may turn to ‘shadow banks’ following major collapses — Molly White
Speaking at the SXSW conference in Austin, Molly White compared crypto companies' current predicament to that in 2017 and 2018, when they had “trouble accessing banking”.
High sentiment in FTX's shadow: event recap for Texas Blockchain Summit
Though the mood among many who showed up in Austin was bullish, most commented on the collapse of FTX and the drop in the price of Bitcoin.
Ethereum ready for The Merge as last shadow fork completes successfully
The successful completion of the last shadow fork signaled the readiness of the Ethereum network for migrating to a proof-of-stake consensus mechanism.
Built to fall? As the CBDC sun rises, stablecoins may catch a shadow
Will central banks allow stablecoins to survive? Maybe as a financial instrument for the unbanked or they will be able to peacefully co-exist?
ETH devs implement first-ever ‘shadow fork’ as PoS testing continues
The shadow fork, which is intended to test the next phase of Ethereum’s configuration, has no impact on the existing mainnet.
Tether lauds Myanmar shadow government for making USDT an official currency
The stablecoin issuer called NUG’s USDT adoption a significant event that goes “beyond the potentials of cryptocurrency.”
Myanmar shadow government declares stablecoin USDT an official currency
The NUG finance minister said Tether use would enhance trade speed and payment efficiency.